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Property and Equipment | 9 Months Ended
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Sep. 30, 2014
Property and Equipment [Abstract] |
Property and Equipment | Note 3 – Property and Equipment Property and equipment consisted of the following at September 30, 2014 and December 31, 2013:
|  |  |  |  | September 30, |  |  | December 31, |
|  | Lives |  |  | 2014 |  |  | 2013 |
Office equipment |  | 3-5 years |  |  | $ | 166,354 |  |  | $ | 15,480 |
Less: accumulated depreciation |  |  |  |  |  |  | (25,343 | ) |  |  | (1,560 | )
Property and equipment, net |  |  |  |  |  | $ | 141,011 |  |  | $ | 13,920 |
Depreciation expense for the three months ended September 30, 2014 and 2013 was $14,326 and $0, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 was $23,783 and $0, respectively. The Company wrote off certain undepreciated property and equipment during the nine months ended September 30, 2013 and recorded a loss of $4,122 on the disposition.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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